On the above weekly chart price action has corrected 90% from $30 since November 2023. A number of reasons now exist to be long. They include:
1) Price action and RSI resistance breakouts.
2) A trend reversal.
3) Price action is at this moment confirming support on past resistance established 5.25 years ago. That is important.
4) The bull flag. A confirmation of support on the legacy resistance is also a confirmation of the bull flag. An impulsive move of 1500% to $57 area should follow.
Is it possible price action corrects further? Sure.
Is it probable? No
Ww
Type: trade
Risk: 2-3% is enough
Timeframe for long: You decide
Return: 1500%
1) Price action and RSI resistance breakouts.
2) A trend reversal.
3) Price action is at this moment confirming support on past resistance established 5.25 years ago. That is important.
4) The bull flag. A confirmation of support on the legacy resistance is also a confirmation of the bull flag. An impulsive move of 1500% to $57 area should follow.
Is it possible price action corrects further? Sure.
Is it probable? No
Ww
Type: trade
Risk: 2-3% is enough
Timeframe for long: You decide
Return: 1500%
Dagangan aktif
The moment you've been waiting for is finally here.There's about to be a Gas explosion.
Don't miss out!
Weekly
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.